Cimpress (CMPR) Stock Forecast & Price Target

Cimpress PLC has demonstrated strong financial performance, highlighted by a 9% year-over-year growth in variable gross profit per customer within its core VistaPrint business, reaching $75.90 in Q2/26. Additionally, the company's adjusted EBITDA saw a 5% year-over-year increase to $138.8 million, supported by an 18% rise in PPAG revenue for the full fiscal year 2025. Overall, revenue for Q2/26 rose by 11% year-over-year to $1.042 billion, demonstrating resilience and positive trends in the company's core operations.

Cimpress PLC reported a gross margin of 46.7%, which, while in line with estimates, represents an 80 basis point decline year-over-year, largely attributed to a shift toward elevated product categories that carry lower margins. Revenues from legacy product categories, particularly business cards and stationery, have shown minimal growth, with sales volume flat year-over-year, indicating limited market demand and heightened competition within a saturated web-to-print and mass customization environment. Additionally, the company's adjusted EBITDA for Q2/26 fell short of expectations due to lower than anticipated gross margins, exacerbated by zero-margin pass-through revenue linked to tariff-related cost increases in the National Pen segment.